As far as the post-corona social and economic situation is concerned, we can only say, we have no idea. Based on the current situation, our Virtual Power Plant could continue for a theoretically unlimited period of time. After the first week, our work routines under shutdown conditions are up and running. Our team has become accustomed to the situation; however, it is strange for us not to see our colleagues in person at least once a week.
On the electricity market, the market participants have also already adjusted to the new situation. The market operations have been running digitally and by telephone for years. The power system counters the current situation of oversupply quite easily by negative control energy and shutdowns of electricity generators.
We ourselves, like everyone else, remain in our private homes and continue to monitor developments, both in the electricity market and in the corona crisis. What reassures us is that the sun is shining, the wind is blowing strongly, and renewables are contributing to grid stability even during the crisis. At least from our point of view, the electricity supply is secure.
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With the rise of renewables all over the world, we are facing a gigantic transformation of the global energy system. The Virtual Power Plant answers the demands of the decentralized energy world and opens up new business prospects for its participants and, of course, RES aggregators. We help you utilize them in the best possible way.